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Recent Amendments to CBM Directive 19 Corporate and M&A

Recent Amendments to CBM Directive 19

Introduction Directive No. 19 (the “Directive”), issued by the Central Bank of Malta (the “CBM” or the “Central Bank”) on the 7th July 2021 officially came into effect on 1st January 2022, with amendments issued in September 2024. It applies to all paper-based instruments issued, processed, or encashed within Malta’s jurisdiction, as long as these instruments are denominated in euros. The Directive sets the framework for the safe and effective use of cheques and bank drafts (collectively referred to as "paper-based instruments") where the payer, payee and the regulated institutions servicing the paper-based instruments are all located in Malta. It…
Michael Psaila
19th November 2024
Legal Update
Corporate legal update for the month of March 2023 Corporate and M&ALegal Updates

Corporate legal update for the month of March 2023

The month of March 2023 has brought with it a new legislative Act to amend the Financial Markets Act (Chapter 345 of the Laws of Malta) and to provide for other matters ancillary or consequential thereto in the form of Act No. IX of 2023. This Act was passed by the House of Representatives on the 8th of March and assented to by the President on the 14th of March. Concurrently, a Legal Notice was published on the 14th of March by the name of the Financial Markets Act (Covered Bonds) Regulations, 2023, L.N. 59 of 2023. The scope of…
Mamo TCV Advocates
19th April 2023